Globalization Partners

APRIL 27, 2023

Consequently, this rise in labor costs is often passed onto the consumer via price hikes. The German Chambers of Industry and Commerce has also documented the severity in which certain engineering and data processing sectors are unable to fill over 60 percent of job vacancies.

Global Hiring 52

Global Hiring Payroll Government Labor Costs 52

Velocity Global

SEPTEMBER 30, 2020

Many companies struggle to find talent in highly competitive domestic markets—especially talent with specialized skillsets. That’s why resourceful business leaders turn to international markets to fill roles. With talent at a premium in major international markets, leading companies look to lesser-known markets to hire.

Marketing 52

Marketing Banking Government Labor Costs 52

Velocity Global

FEBRUARY 20, 2023

For example, understanding the true cost of an employee allows your finance and HR teams to accurately budget for expansion into a new market. Employee cost comprises several factors, such as employee salary, payroll taxes, supplemental benefits, and other expenses like company retreats and overhead.

Payroll 97

Payroll Insurance Right-Sizing Administrative 97

Velocity Global

OCTOBER 6, 2021

Even though globalization makes our lives better, it does bring some challenges as companies start to grow and expand across borders. Keep reading to learn more about the benefits and challenges of globalization, and how businesses navigate these difficulties to reach their global expansion goals. Access to New Markets.

Payroll 119

Payroll Jobbing Marketing Labor Costs 119

Velocity Global

MARCH 30, 2020

Even though globalization makes our lives better, it does bring some challenges as companies start to grow and expand across borders. Keep reading to learn more about the benefits and challenges of globalization, and how businesses navigate these difficulties to reach their global expansion goals. Access to New Markets.

Payroll 52

Payroll Jobbing Marketing Labor Costs 52